Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now Analysts expect this dividend to grow
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Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now Analysts expect this dividend to grow
Assume Gillette Corporation will pay an annual dividend of $0.64 one year from now Analysts expect this dividend to grow at 12.7% per year thereafter until the 4th year. Thereafter, growth will level off at 16% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.2%? The value of Gillette's stock is (Round to the nearest cent)
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